World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
 

Previous World Economics Issues

The contents of all previous issues of World Economics are listed below. Subscribers have access to the complete back issue archive: click on titles to view abstracts and full text of articles (PDF). If you are not a subscriber please visit our online store to order a subscription.

Year:   2016 |  2015 |  2014 |  2013 |  2012 |  2011 |  2010 |  2009 |  2008 |  2007 |  2006 |  2005 |  2004 |  2003 |  2002 |  2001 |  2000
Implications of Illicit Financial Outflows for Macro-economic Management and Development Effectiveness in Africa
Hippolyte Fofack
World Economics, December 2016 (Volume: 17, Number: 4)

In Africa, a persistent rise in illicit financial outflows has compounded macroeconomic management challenges and heightened the risks of recurrent balance of payments crises. It has undermined the bu... More
 
Now You See Them, Now You Don’t: the Case of the Shrinking Global Economic Imbalances
Graham Bird
World Economics, December 2016 (Volume: 17, Number: 4)

Global economic imbalances in the mid-2000s reached a level that many commentators viewed as unsustainable. The claim was frequently made that the imbalances contributed significantly to causing the w... More
 
Global Integration and World Migration
Oded Stark
World Economics, December 2016 (Volume: 17, Number: 4)

This paper explores a theory of migration based upon a number of conjectures about the role of digital media. It proposes that a number of factors including rising use of the internet providing widesp... More
 
The Universal Credit Rating Group: Measuring Debt Ethically
Daniel Cash
World Economics, December 2016 (Volume: 17, Number: 4)

The Universal Credit Rating Group (UCRG) is a collection of rating agencies that are aiming to redress what they see as an imbalance in the provision of credit ratings across the global economy. This ... More
 
Measuring the Success of Industrial Policy in Australia
Andrew Marks
World Economics, December 2016 (Volume: 17, Number: 4)

Industry policy in the context of trade liberalization has played a critical reinforcing role in re-orienting production in the Australian manufacturing sector from the domestic to international marke... More
 
Institutions, Economic Growth and Development: A Conversation with Nobel Laureate Douglass North
Brian Snowdon
World Economics, December 2016 (Volume: 17, Number: 4)

This paper is based on the transcript of an interview made by Professor Brian Snowdon with the late Douglass North, Noble Laureate who died in 2015. North was one of the most influential economists an... More
 
Towards a Better Understanding of International Capital Volatility
Graham Bird
World Economics, September 2016 (Volume: 17, Number: 3)

Understanding why capital moves internationally in the way that it does has become increasingly important as capital accounts have been liberalized and as the size of international capital movements h... More
 
The Creation of the Asian Infrastructure and Investment Bank: America’s Loss and China’s Gain
Stuart P.M. Mackintosh
World Economics, September 2016 (Volume: 17, Number: 3)

The Global Financial Crisis (GFC) pulled institutions together diplomatically and economically. It clarified options and failures of the past and hastened coordinated reforms. But the GFC also starkly... More
 
The Political Limits of Independent Monetary Policy
Colin Ellis
World Economics, September 2016 (Volume: 17, Number: 3)

Central banks in advanced economies have adopted a number of less conventional policy measures since the onset of the financial crisis and great recession. However, the efficiency of these measures re... More
 
Secular Stagnation and Two Articles of Faith of the Conventional Wisdom
Kenneth Austin
World Economics, September 2016 (Volume: 17, Number: 3)

The current discussion of “Secular Stagnation” has generally put disproportionate weight on discussing inadequate investment demand and fiscal stimulus. However, in these discussions two intellectuall... More
 
Exploding Debt Syndrome: The Politics of the Greek Debt Crisis
Elliot Y. Neaman & Shalendra D. Sharma
World Economics, September 2016 (Volume: 17, Number: 3)

The economic roots of the Eurozone’s sovereign debt crisis are fairly well understood by scholars and analysts, but the political forces behind the crisis less so, despite the fact that the Eurozone p... More
 
The Paris Climate Agreement heightens development challenges in Africa
Hippolyte Fofack
World Economics, June 2016 (Volume: 17, Number: 2)

Although the Paris Agreement lacks a binding mechanism for capping carbon emissions, and a legally binding financial commitment to support climate change adaptation and mitigation in the developing wo... More
 
Economics, Science and Climate Change
Julian Gough
World Economics, June 2016 (Volume: 17, Number: 2)

The Intergovernmental Panel on Climate Change (IPCC) contends that global warming is largely due to the burning of fossil fuels, leading to increased carbon dioxide (CO2) concentration in the atmosphe... More
 
How Fast Will China Grow Towards 2030
Jorgen Randers
World Economics, June 2016 (Volume: 17, Number: 2)

Historical data for the last fifty years shows that there is a surprisingly strong correlation between the growth rate of a nation’s GDP per person and its income level. The growth rate declines linea... More
 
China’s GDP Per Capita from the Han Dynasty to Communist Times
Kent Deng & Patrick O'Brien
World Economics, June 2016 (Volume: 17, Number: 2)

This article is a critical survey of the concepts and data utilized by economists and economic historians that purport to measure relative levels and long term trends in GDP per capita from the Han Dy... More
 
Data on Indicators of Governance: Handle with Care
M.G.Quibria
World Economics, June 2016 (Volume: 17, Number: 2)

This article provides a select review of data used as indicators of governance. Despite the popularity and considerable success of the existing body of governance indicators in putting the spotlight o... More
 
De-Risking Impact Investing
Neil Gregory
World Economics, June 2016 (Volume: 17, Number: 2)

Despite great investor interest in impact investing, actual investment flows have remained modest. This is largely due to insufficient investment opportunities which offer a financially sustainable ri... More
 
Japan’s Monetary Policy Misadventure
Masanaga Kumakura
World Economics, June 2016 (Volume: 17, Number: 2)

This paper argues that the Bank of Japan’s decision in April 2013 to formally adopt inflation targeting as the framework of its monetary policy and to embark on a programme of quantitative and qualita... More
 
The Digital Revolution – New Challenges for National Accounting?
Michael Grömling
World Economics, March 2016 (Volume: 17, Number: 1)

The digital revolution has changed many industries, but measuring these changes from a national accounting perspective causes problems. Generally, in the transition periods during the introduction of ... More
 
Measuring Financial Inclusion using Multidimensional Data
Mandira Sarma
World Economics, March 2016 (Volume: 17, Number: 1)

The author notes that the lack of a financially inclusive system is a major concern not only for developing and low-income economies, but for many developed and high-income countries. At the global le... More
 
Dissecting China’s Property Market Data
Meiping (Aggie) Sun
World Economics, March 2016 (Volume: 17, Number: 1)

This paper analyses Chinese property market data to evaluate recent trends in the market and to make prognoses for the future. It considers whether or not the existence of high prices and at the same ... More
 
The Indian Economy: From Growth to Stagflation to Liberal Reform
Deepak Lal
World Economics, March 2016 (Volume: 17, Number: 1)

This paper considers the optimistic scenario that India was on a high growth path and would follow China’s path with a lag (as its reforms started in 1991 compared with China’s in 1980) which would pr... More
 
Youth Employment Crisis in India
Swati Dutta
World Economics, March 2016 (Volume: 17, Number: 1)

The global financial crisis and the subsequent uneven recovery have underscored the need for Africa’s resilience to output and other shocks originated in the rest of the world. A comparison of two reg... More
 
How Managerial Incentives Affect Economic Performance
Andrew Smithers
World Economics, March 2016 (Volume: 17, Number: 1)

The impact of managerial incentive structures on corporate behaviour has been a neglected area of economics. New theoretical work by Nobel Prize winning economist Jean Tirole demonstrates that ‘bonus ... More
 
Fiscal Policy and the Global Crisis
Graham Bird
World Economics, March 2016 (Volume: 17, Number: 1)

Up until the global economic crisis at the end of the 2000s an eclectic approach to fiscal policy seemed to have emerged from the long-standing debates that there had been about it. This largely ruled... More




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